I have a Chase Sapphire credit card. I was approved for the card while I was employed, making a good wage. Then I lost my job, and I now receive unemployment.

Chase had recently mailed me an offer wherein if I open a checking account with them and setup direct deposit, they will pay me $300 cash. Although I have no job, I could set up direct deposit of my unemployment checks into my my Chase checking account.

I'm concerned that if I set up direct deposit from my unemployment to my Chase checking account, Chase will notice the discrepancy between this and the job I reported when I applied for my credit card. I'm concerned that this may cause Chase to restrict my credit, or that it may harm my credit more generally.

bodhica wrote:I have a Chase Sapphire credit card. I was approved for the card while I was employed, making a good wage. Then I lost my job, and I now receive unemployment.

Chase had recently mailed me an offer wherein if I open a checking account with them and setup direct deposit, they will pay me $300 cash. Although I have no job, I could set up direct deposit of my unemployment checks into my my Chase checking account.

I'm concerned that if I set up direct deposit from my unemployment to my Chase checking account, Chase will notice the discrepancy between this and the job I reported when I applied for my credit card. I'm concerned that this may cause Chase to restrict my credit, or that it may harm my credit more generally.

What do you think?

I wouldn't risk it. Those $300 offers are easy to find online, so they'll turn up again once you get a job. If you don't get another offer, just google it and you'll find one.

Who is online

Users browsing this forum: No registered users and 2 guests

†Advertiser Disclosure
The credit card offers that appear on this site are from credit card issuers from which CreditCardForum.com receives compensation. This compensation may impact how and where products appear on this site, including the order in which they may appear within listing categories. CreditCardForum.com does not include all credit card offers that might be available to consumers in the marketplace.

Editorial Disclosure Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

User Generated Content Disclosure Forum member posts, comments and responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank
advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or
questions are answered.